Agenda Item No.
Washburn University Board of Regents
SUBJECT: Public Fund Investments April/May, 2001
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment
Period
Date of
Investment
Successful
Bidder
Rate
| $500,000 | 151 days | 4-30-01 | Fidelity State | 4.51% |
| $1,000,000 | 224 days | 5-11-01 | Kaw Valley | 5.10% |
Bids for investment of the University's public funds are solicited from area financial institutions in accordance with University policy and in conformance with State law regarding public fund investment (K.S.A. 9-1401 et. seq.)
FINANCIAL IMPLICATIONS:
This investment will generate the following interest income at maturity:
| General | $ 9,329 |
| Smoothing | $31,300 |
| Total | $40,629 |
RECOMMENDATION:
President Farley recommends approval by the Board of Regents of the Public Fund Investments reported in the description above.
________________________ _______________________________________
(date) Jerry B. Farley, President